Report ID: SQMIG45I2206
Data Acquisition System Market Size, Share, Growth Analysis, By Offering(Hardware (External Chassis & Modules, Plug-In Analog I/O Boards), Software (Bundled, Third-Party)), By Speed(High-Speed (>100 KS/S), Low-Speed (<100 KS/S)), By Application(R&D, Field, Manufacturing), By Vertical(Aerospace & Defense, Energy & Power, Automotive & Transportation, Wireless Communication & Infrastructure), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2206 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|
Tables:
120 |
Figures:
77
Data Acquisition System Market Insights
Global Data Acquisition System Market size was valued at USD 1.96 billion in 2022 and is poised to grow from USD 2.07 billion in 2023 to USD 3.21 billion by 2031, growing at a CAGR of 5.63% during the forecast period (2024-2031).
Data is the currency of the digital world, which is what drives the importance of data acquisition systems as they help users acquire and store data. Growing demand for data monitoring in different industry verticals is projected to primarily boost the demand for data acquisition systems over the coming years. Increasing adoption of the Industry 4.0 trend has led to a surge in industrial automation thereby creating opportunities for data acquisition system companies as well. Increasing deployment of novel IoT devices for different applications is also slated to create new opportunities for data acquisition system companies in the long run. On the contrary, complexity of integration and deployment is forecasted to be a key deterrent for data acquisition system sales in the long run.
Data Acquisition System Market Report Snapshots
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